Examples of Capital Fee in a sentence
For the further avoidance of doubt, the New Capital Fee relating to any warrants, purchase rights or similar contingent equity securities shall be due and payable upon the closing of the transaction by which such instruments are issued and shall be calculated as if all such instruments are exercised in full (and the full cash exercise price is paid) on the date of such closing, whether or not all or any portion of such instruments are vested and whether or not such instruments are actually so exercised.
With respect to any portion of the new capital raised in a New Capital Raise, the New Capital Fee shall be payable at the time at which such new capital is(x) committed and (y) made available to the Company with all conditions precedent to availability satisfied (the requirements set forth in clauses (x) and (y), together, the “Payment Conditions”).
For the avoidance of doubt, if only a portion of the new capital raised in a New Capital Raise satisfies the Payment Conditions, then (A) a New Capital Fee shall be payable with respect to such portion of the new capital and (B) an additional portion of the New Capital Fee shall be payable when any additional portion of the new capital raised in such New Capital Raise satisfies the Payment Conditions.
Borrower shall have paid the Fees required to be paid on the Closing Date in the respective amounts specified in Section 1.9 (including the Fees specified in the GE Capital Fee Letter), and shall have reimbursed Agent for all fees, costs and expenses of closing presented as of the Closing Date.
Notwithstanding the foregoing, the GE Capital Fee Letter shall survive the execution and delivery of this Agreement and shall continue to be binding obligations of the parties.
As recommended by DENI, in certain circumstances the Board of Governors will consider waiving the Capital Fee.
The money raised by the Capital Fee may be used only for capital building projects, equipment for new buildings and renovation work and alterations.
Borrowers shall have paid the Fees required to be paid on the Closing Date in the respective amounts specified in Section 1.9 (including the Fees specified in the GE Capital Fee Letter), and shall have reimbursed Agent for all fees, costs and expenses of closing presented as of the Closing Date.
Payment of your Entrance Payment, Second Person Fee (if applicable), Working Capital Fee, and Monthly Charges (described below), entitles you to live in a Residence at StoneRidge.
The New Capital Fee shall be payable upon the closing of the transaction by which the new capital is committed.